CMS Energy Co. (NYSE:CMS) Holdings Raised by NewSquare Capital LLC

NewSquare Capital LLC boosted its holdings in CMS Energy Co. (NYSE:CMS) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 115,007 shares of the utilities provider’s stock after buying an additional 2,326 shares during the quarter. NewSquare Capital LLC’s holdings in CMS Energy were worth $6,576,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CMS. Headinvest LLC acquired a new position in shares of CMS Energy in the third quarter worth $26,000. Compagnie Lombard Odier SCmA acquired a new position in shares of CMS Energy in the 3rd quarter valued at $36,000. Tobam lifted its stake in CMS Energy by 2,432.3% during the fourth quarter. Tobam now owns 785 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 754 shares during the period. CVA Family Office LLC bought a new position in shares of CMS Energy during the 4th quarter worth approximately $47,000. Finally, Quent Capital LLC boosted its stake in shares of CMS Energy by 63.8% in the 4th quarter. Quent Capital LLC now owns 829 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 323 shares in the last quarter. 93.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMS. Barclays dropped their target price on shares of CMS Energy from $58.00 to $57.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. UBS Group downgraded shares of CMS Energy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Thursday, April 4th. Seaport Res Ptn downgraded CMS Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of CMS Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, BMO Capital Markets boosted their target price on CMS Energy from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.00.

CMS Energy Stock Performance

Shares of CMS stock traded down $0.10 during trading on Tuesday, reaching $59.90. 3,175,361 shares of the company’s stock traded hands, compared to its average volume of 2,446,024. CMS Energy Co. has a 1 year low of $49.87 and a 1 year high of $63.76. The firm’s 50-day moving average is $58.50 and its 200 day moving average is $57.29. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $17.89 billion, a P/E ratio of 19.90, a PEG ratio of 2.31 and a beta of 0.38.

CMS Energy (NYSE:CMS) last posted its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.01. CMS Energy had a net margin of 11.89% and a return on equity of 12.09%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company posted $0.60 EPS. The business’s quarterly revenue was down 14.4% on a year-over-year basis. Equities research analysts expect that CMS Energy Co. will post 3.33 EPS for the current year.

CMS Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Tuesday, May 14th. CMS Energy’s dividend payout ratio is currently 68.44%.

Insider Buying and Selling

In other news, SVP Brandon J. Hofmeister sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.78, for a total transaction of $202,230.00. Following the transaction, the senior vice president now directly owns 68,971 shares of the company’s stock, valued at $3,985,144.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is owned by company insiders.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.